Am Asia Ex Jap Discussion Threads

[simon gordon] 06/12/2020 14:43

Bamboo,

Cheers!

The Q3 update wasn't enough to break the range.

It is possible one of the shareholders wants out, maybe Downing? They are the kiss of small cap death.

What do you think of COST?

How about MCL?

[bamboo2] 06/12/2020 13:45

Simon, quick review of CNIC.
Price hit historical resistance. Small h&s developed, but unconfirmed. Tp 78.3
Support 78.3, 74.5 approx
Potential turn tomorrow, 7/12/2020 next 10-11/12/2020

[bamboo2] 05/12/2020 17:51

ipo mid chart 8/12/2020

[bamboo2] 30/11/2020 22:38

wand 3/12/2020 & 14/12/2020


1/12/2020 spe
Potential turn 2/12/2020


============================================
04/12/2020
tm17

spe

[bamboo2] 29/11/2020 16:51

ipo

On the mid chart turns 2/12/2020



dnl
Turned 26/11/2020

[bamboo2] 28/11/2020 13:21

MXCT
Potential turns on mid chart 1/12/2020&9/12/2020



GAW
Potential turn 27/11/2020
I dropped out of the gaw trade at approx b/e, as think this has further to fall.



SUMO
Potential turn 1/12/2020

[bamboo2] 28/11/2020 12:34

LOOP, very lucky not to be holding this on Friday. Apex based turn worked well here.
Support at 58 ish.

Potential turns 30/11&4/12/2020

Note to self, avoid trading downtrends/reversals.

[bamboo2] 26/11/2020 09:27

Hi Cassini, you are correct, the current pattern on the daily scale is a triangle or wedge.

Flags, pennants and knots are all similar and much shorter timescale features. Normally less than twenty trading sessions long.

These are excellent patterns for shorter term trades.

Consider Bulkowski's Half Mast concept,

[cassini] 26/11/2020 00:30

Bamboo,

Looking at the 'Technical Insight' feature at ii.co.uk it reckons instead of a triangle there's a 'flag' in the pattern for ORPH and calls it bearish - it has a target of 19-20p. It turns out it's talking about a flag in the last few days. Can't see it myself, but I'm definitely a complete amateur when it comes to TA. I just about recognise bowls, triangles, H&S, double/triple bottoms, cup and handles, trading channels etc but not much else.

I'm calling it a symmetrical triangle and hoping therefore since the entry was from an uptrend, so will the breakout be. Now it's not the best symmetrical triangle ever but I'm just taking a punt really.

Not long to wait anyway ;0)

[bamboo2] 25/11/2020 23:30

Cassini, ORPH had an outside day today, so direction of potential turn is impossible to judge.
Matt, thanks, will look at capx
loop

[mattjos] 25/11/2020 22:35

Here's one that that I got involved with a while ago and which has behaved impeccably.

Will we get one last brief re-test of that 4.8p level next week, on the red/blue triangulation apex ?

[simon gordon] 25/11/2020 22:02

Hi Bamboo,

Thanks!

Yes, that staircase was the main thing I took from Fingers. It was a nice and simple charting concept.

SUR has that nice step pattern.

On CNIC, the newsflow is constructive which is making me sense that it has more of a chance to break from this consolidation phase rather than breakdown. The 80p to 90p range has been disturbed by the Covid crash and a placing at 75p for an acquisition. It's now whether the acquisition acts as a catalyst to break the range.

Thank you

[bamboo2] 25/11/2020 21:24

CNIC On a longer timescale this is a broadening pattern. Probably right angled and descending, in Bulkowski's terminology.

As you have noted, an upbreak of overhead resistance at approx 96.5 is needed for price to escape the pattern and make meaningful progress. Tp is min approx 112.

Apexes 7&10/12/2020

[bamboo2] 25/11/2020 21:03

Hi Simon, I could never replace fingers!

I have a very different style to him, although I have just started using a very similar rectangle/price range/staircase idea.

I keep to a small palette of shares and I trade them relentlessly. It's very interesting from a psychological point of view! Frustrating though, when the timing is wrong.

As you know, for timing I use trendline apexes. Sometimes it's like owning a time machine!

CNIC chart to follow

[simon gordon] 25/11/2020 10:43

Hey Bamboo,

You're becoming the new Fingers!

If you get the chance could you have a look at CNIC?

It looks like a coiled spring to me, if it breaks 100p how far could it run up?

Thanks!

[bamboo2] 24/11/2020 23:38

Cassini, very long time since we last chatted. Hope you are well and getting through this very strange time.

I did notice your post on defl, and think you picked the $gold high really well! Not sure if this was your intention. I have since become very bearish on gold, although I keep some. Hope you are still doing well.

Well spotted apex with ORPH. As usual what seems initially like a simple binary choice, ends up with a cacophony of alternate interpretations! Do you hold?

It is possible that a H&S could still confirm, although so far price has been unwilling to confirm it. A gap appears on the mid chart, but this is not visible on the last market chart, so probably not the magnet that it could be, should it have appeared on both types of chart.

Apexes on 25&27/11,1/12/2020



JSE 25 & 27/11, what a coincidence. resistance at 58

[cassini] 24/11/2020 21:23

ORPH - triangle or wedge very near to completing.

[bamboo2] 24/11/2020 21:19

GAW, potential turn tomorrow, 25/11/2020, but might not be the end of a longer term downtrend. H&S confirmed this evening tp approx 8000

Main obstacle of all target prices is support or resistance. The market wants to see a test of the breakaway gap dated 10/9/2020, which measures 8825-9275
Filled or unfilled, Breakaway gaps can make good support zones.

[bamboo2] 24/11/2020 20:17

Gaw chart will follow.
20/11/2020 turn was a high turn

[zeroid] 24/11/2020 19:38

GAW - guess the turn didn't materialise, how's it looking now?

[bamboo2] 22/11/2020 19:48

russ thanks. Will look at tomorrow.

[homebrewruss] 22/11/2020 16:42

Htf on SAGA as part of larger bowl (not shown)?

free stock charts from uk.advfn.com

[bamboo2] 17/11/2020 19:01

Gaw buyers, not too long to wait now.
Todays inside day candle is normally a continuation of prior trend.